Check Point To Acquire Perimeter 81 For ~$490M To Deliver The Fastest And Most Secure SASE Solution In The Industry
Portfolio Pulse from Benzinga Newsdesk
Check Point Software Technologies Ltd. (NASDAQ:CHKP) has signed an agreement to acquire Perimeter 81, a Security Service Edge (SSE) company, for approximately $490 million. The acquisition aims to accelerate the adoption of secure access across various platforms and deliver the most secure and fastest SSE solution in the market. The Secure Access Service Edge (SASE) market is expected to reach $20B+ by 2026. The acquisition is expected to close in the third quarter of 2023.
August 10, 2023 | 12:14 pm
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Check Point's acquisition of Perimeter 81 could strengthen its position in the growing SASE market, potentially boosting its revenues and stock price in the long term.
The acquisition of Perimeter 81 could allow Check Point to expand its product offerings and reach a larger customer base in the growing SASE market. This could potentially lead to increased revenues and a boost in its stock price.
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